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To: Rajkea who wrote (5369)	11/6/2002 8:39:11 PM
From: velociraptor_	Read Replies (2) of 10157

In a general scheme, that is what I am looking at. The only difference is that Mannfm does not think the correction started in July, whereas I do. The decline from Aug into Oct, while in a larger scale, does appear to have a 5 wave structure, is not quite as convincing in the smaller substructure and there are a few indices that are very clearly not 5 wave channels. The MACD and ADX patterns on the daily going back to July also suggest a single pattern has been in action since then. I am not going to discount his outlook, because I will be looking for a bounce around the time he will be expecting a C wave to being. If the bounce goes longer than I think it should, than I can easily switch scenarios, but for the immediate term we both have a short term top here...Mannfm as the top of wave A and myself with the top of C.

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